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Eric Hofbauer
  • New to Real Estate
  • Fort Smith, AR
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Just Starting - Has Rent Caught up to Home Prices in AR?

Eric Hofbauer
  • New to Real Estate
  • Fort Smith, AR
Posted Aug 27 2022, 08:24

Hi Everyone,

I'm new to the Fort Smith area, but I have a general idea of the desirable locations, but what I'm most cautious about is the rent-to-value percentages. I'm looking to make a purchase on duplex or 3/2 SFH within the next year and keep growing from there. So my main question is have you guys been able to raise rent enough to match the initial purchase price? Or, has there been an increased need to negotiate down to make the numbers work?

Also, is north of Rogers getting any more desirable/developed?

Thanks!

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Christian Fregoso
  • New to Real Estate
  • Fort Smith, AR
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Christian Fregoso
  • New to Real Estate
  • Fort Smith, AR
Replied Sep 14 2022, 10:46

Hey Eric, I'm also in the Fort Smith area investing and on my second house hack currently. I have been able to successfully raise the rent in the past year. I work for a glazing company in the area as a salesman so I get to see upcoming projects and new developments coming into the area. Let me know if you have time someday and we can meet up and see how I can help you. Also, welcome to the Fort Smith area.

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2
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Eric Hofbauer
  • New to Real Estate
  • Fort Smith, AR
0
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2
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Eric Hofbauer
  • New to Real Estate
  • Fort Smith, AR
Replied Sep 22 2022, 10:11

Hi Christian, 

Yeah, lets chat one of these days! My number is in my bio, so text me anytime.

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